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you said you would cut the deficit in half. and we'll have a trillion dollar deficit each of the next four years. if you are re-elected we'll get to a trillion dollar deficit. you said before you would cut it in half. i love this idea of $4 trillion in cuts. you've found $4 trillion to get closer to a balanced budget, yet we still have trillion dollar deficits every year. let me come back -- why don't i want to raise taxes? why don't i want to raise taxes on people? and actually you said it. back in 2010, you said, look, i'm going to extend the tax policies we have. i won't raise taxes on anyone. when we're in a recession, you shouldn't raise taxed on anyone. the economy is still growing slow. as a matter of fact, it's growing much more slowly now than when you made the statement. if you believe the same thing, you don't want to raise taxes on people. and the reality is, it's not just wealthy people, not just donald trump are you taxing. it's all the businesses that employ one quarter of the workers in america, that are taxes a
you said you would cut the deficit in half. and we'll have a trillion dollar deficit each of the next four years. if you are re-elected we'll get to a trillion dollar deficit. you said before you would cut it in half. i love this idea of $4 trillion in cuts. you've found $4 trillion to get closer to a balanced budget, yet we still have trillion dollar deficits every year. let me come back -- why don't i want to raise taxes? why don't i want to raise taxes on people? and actually you said it....
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we went from deficit to surplus. and businesses did very well. >> you know what i hear and i hear it in the president's speeches, he's still working the interest groups rather than selling a national plan. he keeps talking about more teachers. he doesn't necessarily push education he pushes more teachers and he'll refurbish the school buildings. grant it the aft like it maybe your people like it but it isn't a national plan for economic development and tonight they said what's your difference and that's all he could come up with is something about the teachers. where's the national macroeconomic plan to get us out of these doldrums. >> i think he talks about education in a much different way as well. and not just talk about. he's done it. he talked about the "race to the top" tonight. as a fompbler urban school superintendent that's done more to reform schools across the country than anything else the federal government has ever done but there needs to be more than that as well. he's talked about manufacturing and ta
we went from deficit to surplus. and businesses did very well. >> you know what i hear and i hear it in the president's speeches, he's still working the interest groups rather than selling a national plan. he keeps talking about more teachers. he doesn't necessarily push education he pushes more teachers and he'll refurbish the school buildings. grant it the aft like it maybe your people like it but it isn't a national plan for economic development and tonight they said what's your...
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Sep 30, 2012
09/12
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so as a deficit, romney has a plan but it's a secret. the republican party has imposed a new kind of political correctness on their leaders. they cannot speak certain words, taxes, speculate about certain ideas, a path to citizenship, because these are forbidden. romney has tried to run a campaign while not running afoul of his party's strictures. as for himself he's twisted himself into a pretzel, spoken vacuously. that's a straightjacket even peggy noonan's eloquence can't get him out of this. for more on this, read my "washington post" column this week on cnn.com. >>> for eight years mahmoud ahmadinejad has come to the u.n. general assembly and every time he's caused controversy, making accusations. veiled threats. this year was different. it was mostly platitudes about world peace but he had plenty of sharp comments in a series of interviews. his conversation with me was his final one. perhaps his final one on the world stage. you see, iran's election law says he can't run again and elections are set for 2013. so i asked him about is
so as a deficit, romney has a plan but it's a secret. the republican party has imposed a new kind of political correctness on their leaders. they cannot speak certain words, taxes, speculate about certain ideas, a path to citizenship, because these are forbidden. romney has tried to run a campaign while not running afoul of his party's strictures. as for himself he's twisted himself into a pretzel, spoken vacuously. that's a straightjacket even peggy noonan's eloquence can't get him out of...
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Oct 2, 2012
10/12
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deficit larry mean that is you are spending more than you are taking in. there are two things that you can do. you have to look at the spending to determine what you have to hold on. you have to set a priority to control spending. in the second thing you must have a program to increase growth in this country and new revenue. that makes a lot of the decisions about spending easier. you get more money coming in. >> president, you have been accused by your critics of failing to deal with entitlement spending reform and basically trying to raise taxes as the only means of deficit spending. are those charges fair? >> absolutely not. we had a deal going. myself and mr. baynor until mr. can toter stepped in. what i could support is that we would have tax cuts and we would have cuts in the budget and in areas certain revenues and increased ed in taxes. it seems fair $1 of tax increases and $3 to $4 of cuts in the budget. >> 3, to $4 to $1. could you guy into that? do you think your fellow republicans could buy into that? >> the more taxes you raise, the less growt
deficit larry mean that is you are spending more than you are taking in. there are two things that you can do. you have to look at the spending to determine what you have to hold on. you have to set a priority to control spending. in the second thing you must have a program to increase growth in this country and new revenue. that makes a lot of the decisions about spending easier. you get more money coming in. >> president, you have been accused by your critics of failing to deal with...
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Oct 4, 2012
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it's four years later we have trillion-dollar deficits. the cbo says we'll have a trillion-dollar deficit each of the next four years. if you're elected we'll get to a trillion-dollar debt. you said before you'd cut the deficit in half and i love this idea of $4 trillion in cuts. you found $4 trillion of ways to reduce or get closer to a balanced budget except we show trillion-dollar deficits every year. that doesn't get the job done. >> what you heard from president obama in coming back was saying that mitt romney had abandoned his tax cut plan, that is not true because what mitt romney said was it was going to be paid for but he also said that the challenge of achieving all the things romney wants to do at the same time, cut tax rates, not increase the deficit or burden the middle class is impossible to do. >> the only way to meet governor romney's pledge of not reducing the deficit or not adding to the deficit is by burdening middle class families, the average middle class family with children would pay about $2,000 more. >> now bottom
it's four years later we have trillion-dollar deficits. the cbo says we'll have a trillion-dollar deficit each of the next four years. if you're elected we'll get to a trillion-dollar debt. you said before you'd cut the deficit in half and i love this idea of $4 trillion in cuts. you found $4 trillion of ways to reduce or get closer to a balanced budget except we show trillion-dollar deficits every year. that doesn't get the job done. >> what you heard from president obama in coming back...
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Sep 28, 2012
09/12
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i think it is key to solving the deficit problem. the tax plan that i would love someone to put forward, and i'm not sure anyone has, is lower every rate and close every loophole. lower every rate on businesses. yes, on millionaires and billionaires. close all the loopholes, which generally favor the wealthy. they favor the large corporations. what that would do, obviously, is broaden the base. but it would help small businesses. >> absolutely. who are paying the ordinary income tax rate. if it goes up, they're really getting the short end of the stick here. the small businesses, which is the problem. >> the job creation engine. >> exactly. thank you so much. carly fiorina, robert frank. so how long do you think this will last if it is really true? zillo pegged the value of this detroit suburban home at only $52,000 this morning. this house, of course, is where police think notorious teamster's boss jimmy hoffa is buried. we'll have the latest on the big dig that has the nation gawking. >>> then i'll speak with the man who heads up o
i think it is key to solving the deficit problem. the tax plan that i would love someone to put forward, and i'm not sure anyone has, is lower every rate and close every loophole. lower every rate on businesses. yes, on millionaires and billionaires. close all the loopholes, which generally favor the wealthy. they favor the large corporations. what that would do, obviously, is broaden the base. but it would help small businesses. >> absolutely. who are paying the ordinary income tax rate....
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Oct 5, 2012
10/12
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who knew that he was responsible for the deficits elmo has to watch out. >> joining me now nbc's joy read. he is going to cut 1, 100th of 1% of the federal budget by cutting any subsidies that go to pbs, i don't know, i don't think he is going to get to that balanced budget with that. >> i don't think so. but he will stop those socialists muppets. the problem with the idea of cutting such a small piece of the budget with pbs is medicare and medicaid. he said that he would increase military spending so what mitt romney would be left with would be slashing a third of something else. that would be school lunches and veterans benefits. he would have to slash everything else in the budget. >> the politics of it is looney. going after something that is so popular for something that is such a tiny dollar cost it is not in the rounding era margins in the budget it is dangerous. peggy noonan is saying watch out for big bird. mr. romney gave a small difficult to the incumbents i think she is right. joy, this is a bad place for romney to go. >> this was the one bone to romney threw to the far r
who knew that he was responsible for the deficits elmo has to watch out. >> joining me now nbc's joy read. he is going to cut 1, 100th of 1% of the federal budget by cutting any subsidies that go to pbs, i don't know, i don't think he is going to get to that balanced budget with that. >> i don't think so. but he will stop those socialists muppets. the problem with the idea of cutting such a small piece of the budget with pbs is medicare and medicaid. he said that he would increase...
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Sep 29, 2012
09/12
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i know we have a tough time with our deficit, with the budget, but people are so important, and every up with of these people who is safe, right now, only a 1-100 chance that a victim of human traffic willing be saved. when you meet that person, you meet that survivor, and survivors they, they are incredible. but you look into their eyes and you understand person to person viceraly, what they have gone through, being treated lower than an animal and see the bravery, the courage, the fort t fortitude to help others. and they are so altruistic. i was at the table with the survivors when president obama gave the shoutout. they were blown away and everybody gave him a standing ovation. a very big day for them. they influenced his speech. >> those numbers sure do not add up. thank you for taking the time to share more information about this with us and our viewers. >> thank you. >> to learn more, go to our blog, cnn.com/outfront. >>> you thought the fight over unions was over in michigan, it's kind of quiet. you are dead wrong. [ male announcer ] citi turns 200 this year. in that time ther
i know we have a tough time with our deficit, with the budget, but people are so important, and every up with of these people who is safe, right now, only a 1-100 chance that a victim of human traffic willing be saved. when you meet that person, you meet that survivor, and survivors they, they are incredible. but you look into their eyes and you understand person to person viceraly, what they have gone through, being treated lower than an animal and see the bravery, the courage, the fort t...
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Sep 29, 2012
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more jobs will slash that deficit. >>> our third story, another day, another bad set of numbers for mitt romney. there are two new polls today by the american research group and they have mitt romney trailing president obama in two more swing states. five points in new hampshire and two in virginia. although i wanted to highlight the virginia one. there had been other polls to show that gap wider. this would be a much better than expected result than some of the others we've seen. this week -- has not been kind to the republican candidate as polls have shown him falling behind the president. but he is not showing any change in confidence. >> i've got a little secret here and that is that obama campaign thinks that pennsylvania is in their pocket. they don't need to worry about it. and you're right and they're wrong. we're going to win pennsylvania. we're going to take the white house. >> he's going to have to overcome a big deficit to do it, but people do like a comeback kid. max, jen, the obama campaign press secretary. two very different problems. one, you don't want to get complacent
more jobs will slash that deficit. >>> our third story, another day, another bad set of numbers for mitt romney. there are two new polls today by the american research group and they have mitt romney trailing president obama in two more swing states. five points in new hampshire and two in virginia. although i wanted to highlight the virginia one. there had been other polls to show that gap wider. this would be a much better than expected result than some of the others we've seen. this...
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Oct 2, 2012
10/12
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you need to gradually, year by year, reduce that deficit gradually. raise interest rates over time, in addition, need to focus from a fiscal standpoint on structural financing and structural investment that you know, this country sorely lacks. >> anyone have the will, the political will to be able to make those tough decisions right now? >> we will hear on wednesday in terms of the debates, i suspect not. the political will is divided is for their own team as for their own team, not necessarily for the united states. we are a little dour in terms of the ultimate prospects. >> matter who wins the president city for the markets? >> i don't thi so brian. i think basically what we have here is a large deficit that won't be reduced significantly. we have an easy fed that won't change its habits the next several years, the structural solutions required are five to ten years down the road. >> later on in the show, going to be talking about a mystery city that shall be unveiled that is going through its up potential minifiscal cliff, a major pension crisis. w
you need to gradually, year by year, reduce that deficit gradually. raise interest rates over time, in addition, need to focus from a fiscal standpoint on structural financing and structural investment that you know, this country sorely lacks. >> anyone have the will, the political will to be able to make those tough decisions right now? >> we will hear on wednesday in terms of the debates, i suspect not. the political will is divided is for their own team as for their own team, not...
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why the deficit's been above $1 trillion now four years running, and maybe if the moderators get into it, what's happening in the middle east, and what they think they can do about it. i think that governor romney's plan's going to be to try to stick to the substance because i think the country knows we need a change. >> i'm only half joking about kicking out of the room. metaphorically, a lot of republicans want to see mitt romney do just that to the president. they want to see him verbally beat him up and make the points that you've made crystal clear and win the argument. but there's another argument that says that one of mitt romney's problems is he's not likeable enough and he may need to turn on the kind of easy ronald reagan charm which he deployed so successfully in debate. it's a fine line, isn't it, between being hard and aggressive and making a point, but also coming over as likeable. >> right. and piers, really, the way to deal with that, and i think this is true for any debate but especially one where the stakes are so high for the country, is to stick to what you want to
why the deficit's been above $1 trillion now four years running, and maybe if the moderators get into it, what's happening in the middle east, and what they think they can do about it. i think that governor romney's plan's going to be to try to stick to the substance because i think the country knows we need a change. >> i'm only half joking about kicking out of the room. metaphorically, a lot of republicans want to see mitt romney do just that to the president. they want to see him...
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we have seen a budget come out that continues to bring the deficit down to sustainable levels. europe has pledged to work in partnership with spain to make sure its banks get recapitalized and continue to afford a access the markets. we will see as they work in the partnerships the days ahead again, they have the tools and we see the political will on the part of the spanish go >> you watch spain, you just got back from china. i have a bunch of questions about china, stories in the paper, lael, in china is the first question, the second question is the republican nominee, mitt romney, has accused the obama administration of not being tough enough on china. the third question you have a report coming out october 15th on whether china is a currency manipulator. what are you going to say? >> well, let me just start with your first question. china's leadership team is undergoing a transition process and confront important questions how they are going to take forward their economic policy. steve, as you know, since day one, president obama's been extremely focused on achieving a mor
we have seen a budget come out that continues to bring the deficit down to sustainable levels. europe has pledged to work in partnership with spain to make sure its banks get recapitalized and continue to afford a access the markets. we will see as they work in the partnerships the days ahead again, they have the tools and we see the political will on the part of the spanish go >> you watch spain, you just got back from china. i have a bunch of questions about china, stories in the paper,...
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hear they talk about what they really do with the debt of $16, and -- debt of $16 trillion, and the deficit will be $1.2 trillion when the time is up and what they do to address that. my hunch is there will be some very creative ducking. in fact, it may look like fred on steroids tap dancing across the stage and the tap dancing here. neil: but do you think it's in mitt's interest to paneled the debt and remind people even though it could cast on both parties that he's the guy to address it, and here's the ideas. is a debate the place to do it? >> i don't know. he's got to be himself. there is self to him. i met him when i was in harvard. i picked the locks there, but the taught there, and i enjoyed him. he can govern. he governedded massachusetts, a state was ungovernable with a democratic legislature. he'll go back to that if he gets in and begin to do it. i hope he comes across without looking like the handlers were at him out all. neil: what do you think of how he's run the campaign? >> handlers got to him. when you run, and you got a staff like that, and they say don't do this, and, of
hear they talk about what they really do with the debt of $16, and -- debt of $16 trillion, and the deficit will be $1.2 trillion when the time is up and what they do to address that. my hunch is there will be some very creative ducking. in fact, it may look like fred on steroids tap dancing across the stage and the tap dancing here. neil: but do you think it's in mitt's interest to paneled the debt and remind people even though it could cast on both parties that he's the guy to address it, and...
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Sep 28, 2012
09/12
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one of the toughest pieces of legislation that i had to pass of a deficit and re reduction a, we got it back from the senate 45 billion, and by time it of 40 billion its was a huge lift. neil: did you it and you are proof that you know that kind of stuff can get done, you both, serve your country admirably, have you have to go back to washington, and fix this. thank you very much. >> you're welcome. neil: we'll have more rig with the spark miles card from capital one, thor's couture gets the most rewards of any small business credit card. your boa! [ garth ] thor's small business earns double miles on every purchase, every day! ahh, the new fabrics, put it on my spark card. [ garth ] why settle for less? the spiked heels are working. wait! [ garth ] great businesses deserve the most rewards! [ male announcer ] the spark business card from capital one. choose unlimited rewards with double miles or 2% cash back on every purchase, every day! what's in your wallet? [ cheers and applause ] has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it mak
one of the toughest pieces of legislation that i had to pass of a deficit and re reduction a, we got it back from the senate 45 billion, and by time it of 40 billion its was a huge lift. neil: did you it and you are proof that you know that kind of stuff can get done, you both, serve your country admirably, have you have to go back to washington, and fix this. thank you very much. >> you're welcome. neil: we'll have more rig with the spark miles card from capital one, thor's couture gets...
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Oct 4, 2012
10/12
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if it's deficit, the president the in a weaker position, because people just associate him with the deficits, with spending. that's been a very effective line for mitt romney. and it's actually going to be interesting to see whether jim lehrer subscribes to a beltway connection with deficits, and we see from those numbers, the president is doing poorly on deficits and he's winning the race right now. >> people vote more on jobs than they vote on deficits, despite the amount the beltway obsesses on it. ed, last word? >> the other thing about the deficit, this could rope the president into a very vulnerable position and get him into a conversation about what hays going to do if he's re-elected when it comes to the big three, medicare, medicaid, and social security. i mean, is he really going to go big? >> that's a big question. >> you bet it is. and if romney can get him into a position, saying he is going to go after those big three, i guarantee you -- the president already got a letter last week, tell us what you're going to do with these earned entitlement programs, whatever you want to cal
if it's deficit, the president the in a weaker position, because people just associate him with the deficits, with spending. that's been a very effective line for mitt romney. and it's actually going to be interesting to see whether jim lehrer subscribes to a beltway connection with deficits, and we see from those numbers, the president is doing poorly on deficits and he's winning the race right now. >> people vote more on jobs than they vote on deficits, despite the amount the beltway...
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one more point*. >> we had this discussion before the. >> in order to reduce the deficit there have to be revenue in addition to cut. >> mitt romney has ruled out revenue. >> absolutely. neil: okay. i think the gist of that was how to get the deficit under control in have to have a mix of spending cuts and tax increases. and what about the president in a mitt romney to some ratio? and that it would not cut it for him. i don't think he scored. i think romney clearly one. he does need to provide more specifics, but i think he was in command. he made a couple of statements that need to be clarified. and he does not want more revenue but he wasn't true growth not taxes. what do you define as more revenue? as compared to current gdp your under current law? we are under much higher levels than before. to thing surprised me. obama's said social security doesn't have a problem. it needs tweeting. it is underfunded $8 trillion and he also said his idea was not that different than governor romney's. especially since the president has not said much but when the president compared himself to bill
one more point*. >> we had this discussion before the. >> in order to reduce the deficit there have to be revenue in addition to cut. >> mitt romney has ruled out revenue. >> absolutely. neil: okay. i think the gist of that was how to get the deficit under control in have to have a mix of spending cuts and tax increases. and what about the president in a mitt romney to some ratio? and that it would not cut it for him. i don't think he scored. i think romney clearly one....
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Sep 29, 2012
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ten years ago we had a $1 billion trade deficit with china bilateral. today it's $10 billion and that's not -- that's not based on chinese efficiency and productivity, it's based on a whole lot of subsidies in other ways which the obama administration has figured out. the reason it won't be a trade war is that the fears that sort of the outsourcers always try to stoke in the american public and among the media and certainly in congress is that we are such a huge market for china. something like more than 1/4 of chinese exports come to the united states. if you have a customer that's unhappy with you and that customer buys 20 or 30 or 40% of your products, you're not just going to turn your back, you're going to work with them. and the chinese work with us when we actually stand up to them on these issues. president clinton did it with intellectual property from time to time and the chinese would respond. there would be histrionics, they'd scream and yell and then they'd change their behavior a little bit. the same with these issues when we've enforced t
ten years ago we had a $1 billion trade deficit with china bilateral. today it's $10 billion and that's not -- that's not based on chinese efficiency and productivity, it's based on a whole lot of subsidies in other ways which the obama administration has figured out. the reason it won't be a trade war is that the fears that sort of the outsourcers always try to stoke in the american public and among the media and certainly in congress is that we are such a huge market for china. something like...
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we have seen a trade deficit explode. take auto parts. ten years ago, the trade deficit was $1 billion with china on auto parts. today it's $10 billion. that's why the president at the urging of a number of us, they have taken china to the world trade organization to show china is cheating and to ask for tariffs to protect american companies and to protect american workers. and we're seeing a pattern of the government finally on the side of workers, finally on the side of american manufacturing, standing up for american workers against china. we have a new steel mill. we're seeing jobs actually come to this country or stay in this country because we're standing up and enforcing trade rules. >> romney and the republicans keep talking about another tax cut for the job creators. don't we just see them increasing their profits by outsourcing this way? i mean, the model that romney wants to lay on the country, how could it be good for workers in ohio? >> well, it's not. we tried these tax cuts for the rich. hoping it trickles down to the middl
we have seen a trade deficit explode. take auto parts. ten years ago, the trade deficit was $1 billion with china on auto parts. today it's $10 billion. that's why the president at the urging of a number of us, they have taken china to the world trade organization to show china is cheating and to ask for tariffs to protect american companies and to protect american workers. and we're seeing a pattern of the government finally on the side of workers, finally on the side of american...
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Oct 1, 2012
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. >> mitt romney leads according to our poll, on unemployment and the deficit. let me ask you this, ben, because one thing our viewers may assume is that democratic base is now energized and the convention is now partly responsible for that. rece recently, jim -- our new poll, how do you feel strength of support, 72% of voters are strongly excited. that's a virtual tie and extremely or very enthusiastic about voting in november, 65% of republicans. 64% of democrats. does that worry you? in '08, part of the reason the president won was his people were way more enthusiastic than john mccain's. >> we heard enthusiasm on the republicans side last year and now it's down to turn out. people are voting right now. today. they're starting to vote tomorrow this ohio. our supporters are camped out at polling places and thousands more democrats voted in iowa last week than republicans. that's the way we've built this organization on the ground for the past 500 days. we're ip venvesting in a ground organization. >> we'll hit pause there, but going to be talking a lot to both
. >> mitt romney leads according to our poll, on unemployment and the deficit. let me ask you this, ben, because one thing our viewers may assume is that democratic base is now energized and the convention is now partly responsible for that. rece recently, jim -- our new poll, how do you feel strength of support, 72% of voters are strongly excited. that's a virtual tie and extremely or very enthusiastic about voting in november, 65% of republicans. 64% of democrats. does that worry you?...
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Sep 28, 2012
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cut the deficit and raise the tax rates on upper incomes of successful businesses, guess what it has not worked so far. if it was going to work, it would have already worked. so is this really obama's version of economic patriotism? let's talk. here's jimmy william and cnbc contributor of the american enterprise institute. what is so bloody patriotic about tax hikes, spending increases, regulatory increases and a lousy, worst economy since 1947? >> i'm worried what we will see in 2013 if the president wins is an economic patriot act. and part of it will be dramatically higher taxes on wealthier americans, entrepreneurs. anyone who thinks the end of the obama tax hikes are going to be raising it back to the clinton levels are crazy. you are going to see surtaxes, surtaxes on corporations. there's no way the obama spending numbers work without dramatically higher taxes far above what we saw in the clinton years. >> one of these things has my goat. obama talks about cutting tuition, you can't cut tuition if you expand student loans, is inflated tuition costs across the country and creat
cut the deficit and raise the tax rates on upper incomes of successful businesses, guess what it has not worked so far. if it was going to work, it would have already worked. so is this really obama's version of economic patriotism? let's talk. here's jimmy william and cnbc contributor of the american enterprise institute. what is so bloody patriotic about tax hikes, spending increases, regulatory increases and a lousy, worst economy since 1947? >> i'm worried what we will see in 2013 if...
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of course everybody wants a tax cut, but if it's not going to cause bigger deficits, tell us how you're going to do it, and they won't do it. they won't say we're going to get rid of charitable deductions, won't get rid of homeowner, state and local. that's where all the money is. it's not little doodads here. joan, you take this one. he won't tell us. same question comes up wednesday night, can romney dodgeball it? can he say i'm not telling you how i'm going to do the major thing i promised to do, get the economy going through a tax cut, but i'm not going to tell you how i'm going to do it. can he get away with it with even the -- >> i hope not. i think this is a moment for jim lehrer to be very tough, respectful tough, and for president obama to come back at him and to say, look, i'm happy to see -- your running mate said he didn't have enough time on sunday. that's too bad. that's terrible, in fact. i'm willing to cede, governor romney -- >> could jim lehrer get away with simply saying, i have a little liberty here, a little leeway, i will give you all the time it takes. tell us now
of course everybody wants a tax cut, but if it's not going to cause bigger deficits, tell us how you're going to do it, and they won't do it. they won't say we're going to get rid of charitable deductions, won't get rid of homeowner, state and local. that's where all the money is. it's not little doodads here. joan, you take this one. he won't tell us. same question comes up wednesday night, can romney dodgeball it? can he say i'm not telling you how i'm going to do the major thing i promised...
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this in seven weeks before the presidential election we have a truth deficit in this country. and so don't sort of move around your statement saying we're out to produce the best products. are you? because what it sounds like to me is you're out to have the solid monopoly in apple product, you're sort of outpacing google now. and you're not doing it well. >> i know we've got to go. louis c. case said? >> you remind me of him. >> oh, god. but you're sitting in an airplane seat flying in a tin can at 30,000 feet and you're complaining because you don't have wi-fi. >> i know. >> you're in a can in the air. and you're traveling through space and time. and you're worried about no wi-fi. i don't know if i'm making the point or not. >> you're apple. >> i agree. too many outlets. >> the standard is high. >> the standard is high up and yes, too many outlets. >> i need an mimosa now after that rant. >> good job. >> was a drink named after you? >> the flower. the national flower of australia. >> yeah, waddle. what we call a waddle. you call it mimosa. >> mine apparently is the cactus. pr
this in seven weeks before the presidential election we have a truth deficit in this country. and so don't sort of move around your statement saying we're out to produce the best products. are you? because what it sounds like to me is you're out to have the solid monopoly in apple product, you're sort of outpacing google now. and you're not doing it well. >> i know we've got to go. louis c. case said? >> you remind me of him. >> oh, god. but you're sitting in an airplane seat...
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we have this huge deficit. we have crumbling infrastructure in america, we have huge problems here, and we're a lot safer today on the afghanistan/pakistan border because of the drones. you know, it's not just that bin laden is gone. al qaeda's greatly, greatly weakened in that part of the world, so we're a lot stronger today than we were -- a lot safer from al qaeda than we were five years ago, ten years ago. so it's not that nothing has been accomplished, but having more troops stay there and try to win over the hearts and minds of the various tribes, it's tough in iraq, but it's even tougher in afghanistan. i think the president's done the rite thing, a clear deadline and we're getting out. >> to take you back home with the election coming up, what is your understanding of what the president would do in a second term to deal with the fiscal cliff and to help create jobs? >> i think you're going to see real leadership from the president from the get-go from the day after the election. i think that he believes
we have this huge deficit. we have crumbling infrastructure in america, we have huge problems here, and we're a lot safer today on the afghanistan/pakistan border because of the drones. you know, it's not just that bin laden is gone. al qaeda's greatly, greatly weakened in that part of the world, so we're a lot stronger today than we were -- a lot safer from al qaeda than we were five years ago, ten years ago. so it's not that nothing has been accomplished, but having more troops stay there and...
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33% say creating jobs. 13% say reforming the tax code. 33% say reducing the federal deficit. 6% say health care. 15% say i don't really care. fascinating. >>> let's see what's coming up on street signs. mandy? >> okay. we're going to take a look at why oil prices are dropping for all the wrong reasons on street sign. yeah, we might get cheaper gas eventually, but at what cost to the global economy? >>> then, we're going to debate what is better for your money, an obama win or a romney win. >>> plus, the one thing that wall street wants to hear at tonight's debate. >>> and later on, american airlines says all the seats are fixed. >>> lots of things coming up at the top of the hour. back to you on "power lunch." >>> the world's top asset managers and investors are meeting today to discuss the economic landscape and how to navigate it. our david faber is with them at the barefoot economic summit in larue, texas. >> i've joined by founder, cio of golden tree house and management. they're in bank loans, they're in bond, distressed investments, private equity structured products. credit is the n
33% say creating jobs. 13% say reforming the tax code. 33% say reducing the federal deficit. 6% say health care. 15% say i don't really care. fascinating. >>> let's see what's coming up on street signs. mandy? >> okay. we're going to take a look at why oil prices are dropping for all the wrong reasons on street sign. yeah, we might get cheaper gas eventually, but at what cost to the global economy? >>> then, we're going to debate what is better for your money, an obama...
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i'm sure you didn't miss it. 15-point deficit for mitt romney. i'm guessing you'll argue with some parts. >> i'm not going to argue with it at all. do you really believe it's right? let me test your political wisdom. do you think it's possible for that to be right? you know it's a piece of garb e garbage? >> this is a good pollster, but you can argue that it's not 15%. do you believe mitt romney is behind in new hampshire? >> no, i believe it's head to head in new hampshire. and i've seen enough other polls to tell you that is a piece of garbage. this race in new hampshire will be won by mitt romney by two to three points. i'm willing to say that publically and stick by it and i know that it that poll of 15 points is absolutely invalid. >> every sort of professional poll i have seen of campaigns, though, all seem to have barack obama ahead and the big issue in new hampshire has been the gender gap with moderate women who may be the republicans fiscally but uncomfortable on social issues. you have had to navigate that before. that's always an issu
i'm sure you didn't miss it. 15-point deficit for mitt romney. i'm guessing you'll argue with some parts. >> i'm not going to argue with it at all. do you really believe it's right? let me test your political wisdom. do you think it's possible for that to be right? you know it's a piece of garb e garbage? >> this is a good pollster, but you can argue that it's not 15%. do you believe mitt romney is behind in new hampshire? >> no, i believe it's head to head in new hampshire....
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who knows, it might help make inroads with that 9% deficit romney is facing against the president in the latest ohio poll. then again, there may not be enough time to do enough shots with enough intoxicated fans before voting starts in ohio tomorrow. so if his running mate is no use, how about a boost from the other person mitt's proposed to, his wife, ann. surely she can provide the comfort and confidence that mr. romney needs to fire up his bid for the presidency. >> my biggest concern obviously would just be for the -- his mental well-being. >> wait? what? mrs. romney, that's not helping. you better finish the thought. >> i have all the confidence in the world in his ability, in his decisiveness, in his leadership skills, in his understanding of the economy, in his understanding of what's missing right now in the economy, you know, the pieces that are missing to get this jump started. so for me i think it would be the emotional part of it. >> right. he's capable, decisive, and emotionally troubled? well, that is an october surprise. let's get right to our panel this afternoon. wit
who knows, it might help make inroads with that 9% deficit romney is facing against the president in the latest ohio poll. then again, there may not be enough time to do enough shots with enough intoxicated fans before voting starts in ohio tomorrow. so if his running mate is no use, how about a boost from the other person mitt's proposed to, his wife, ann. surely she can provide the comfort and confidence that mr. romney needs to fire up his bid for the presidency. >> my biggest concern...
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mitt romney also talked about the deficit last night. and he claims that even with his tax cut, he will not add to the defici deficit. >> my number one principle is there will be no tax cut that adds to the deficit. i won't put in place a tax cut that adds to the deficit. that's part one. so there's no economist that can say mitt romney's tax plan adds $5 trillion if i say i will not add to the deficit with my tax plan. my plan is not to put in place any tax cut that will add to the deficit. >> the problem in both of these claims is a lack of specifics. what the president is assuming, the reason we said false on his claim, he basically is assuming if he just did a tax cut and nothing else, then it would include this giant amount of tax breaks for people out there. but that's what mr. romney is saying he won't do. he's saying he has all these specifics in terms of cutting deductions, finding ways of closing loopholes so that people would pay more and there wouldn't be this giant tax cut but he wouldn't say what that would be. this lack of
mitt romney also talked about the deficit last night. and he claims that even with his tax cut, he will not add to the defici deficit. >> my number one principle is there will be no tax cut that adds to the deficit. i won't put in place a tax cut that adds to the deficit. that's part one. so there's no economist that can say mitt romney's tax plan adds $5 trillion if i say i will not add to the deficit with my tax plan. my plan is not to put in place any tax cut that will add to the...
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and you heard the president last night describe how he plans on reducing the deficit. he said it was $4 trillion but only in washington would you count $4 trillion of reduction when, in fact, his plan calls for adding a trillion dollars of debt every one of the next four years. the congressional budget office says that by the end of a four-year period if he were to be reelected trickle down government could lead to a setting of $20 trillion in debt. i think that's wrong. i think we should instead take a course represented by freedom which says we'll finally get america to cap our spending, to cut our spending and get us on track to a balanced budget. and it's -- it's not often i'm told that republicans are able to go out and talk about medicare with such passion as we do but let me tell you. when someone is taking $716 billion away from our current seniors in their medicare plan to pay for obama care, we say no way. we'll put it back and get rid of obama care. and then, and then there's our military. the president has proposed cutting our military budget and then the s
and you heard the president last night describe how he plans on reducing the deficit. he said it was $4 trillion but only in washington would you count $4 trillion of reduction when, in fact, his plan calls for adding a trillion dollars of debt every one of the next four years. the congressional budget office says that by the end of a four-year period if he were to be reelected trickle down government could lead to a setting of $20 trillion in debt. i think that's wrong. i think we should...
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it used to be obama was suffering a big deficit next to romney with that. since several weeks ago, probably tied to the convention, those numbers have turned and all of a sudden the democratic brand with respect to the economy has become more popular than the republican brand. >> mourdock who has been a hardliner, he's been trying to embrace the moderate positions claiming he's more open to compromise, claiming he will protect social security and medicare. but this is not the same mourdock who defeated richard lugar in the primary. are richard lugar and others paying their price for the extremism? >> i would add to what sam said, part of the aftermath of 47%-gate. it's tough to make the argument you're best on the economy when you think you should only be working for half of the people on the economy, right? that's how the comments were perceived. to your question, ed, i want to add, this is not just having a trickle-down effect to other senate races. the only shot we have at electing a new woman governor is actually -- >> it's ticket-wide, no question. >>
it used to be obama was suffering a big deficit next to romney with that. since several weeks ago, probably tied to the convention, those numbers have turned and all of a sudden the democratic brand with respect to the economy has become more popular than the republican brand. >> mourdock who has been a hardliner, he's been trying to embrace the moderate positions claiming he's more open to compromise, claiming he will protect social security and medicare. but this is not the same...